Finance

Yellen Says US Economy on Track for ‘Soft Landing’

U.S. Treasury Secretary Janet Yellen mentioned Thursday she believes the U.S. financial system doesn’t want additional drastic financial coverage tightening to stop inflation from being ingrained and was on observe to realize a “soft landing” with sturdy employment.

Yellen advised reporters after a speech at a lithium processing plant in North Carolina that previously, the Federal Reserve generally needed to tighten financial coverage a lot that it flipped the financial system into recessions.


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